Tax-related share sale by Globalstar (GSAT) CFO Rebecca Clary

Rhea-AI Filing Summary

Globalstar, Inc. reported that its VP & Chief Financial Officer, Rebecca Clary, executed a small tax-related share sale. She sold 351 shares of Voting Common Stock at $55.3812 per share under a mandatory sell-to-cover program used to pay taxes on a partially vested restricted stock award granted on March 7, 2025. After this transaction, she continues to hold 109,459 shares directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Clary Rebecca

(Last) (First) (Middle)

1351 HOLIDAY SQUARE BLVD.

(Street)

COVINGTON LA 70433

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Globalstar, Inc. [ GSAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP & Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Voting Common Stock	03/10/2026		S(1)		351	D	$55.3812	109,459	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares sold in accordance with a mandatory sell-to-cover program maintained by the registrant to cover taxes due upon the partial vesting of a restricted stock award granted 3/7/2025.

Remarks:

	Kelly C. Simoneaux, attorney-in-fact for Rebecca Clary	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Globalstar (GSAT) CFO Rebecca Clary report?

Globalstar’s CFO Rebecca Clary reported selling 351 shares of Voting Common Stock. The sale was executed under a mandatory sell-to-cover program to pay taxes on a partially vested restricted stock award granted on March 7, 2025.

How many Globalstar (GSAT) shares does the CFO hold after the Form 4 sale?

After the reported transaction, Globalstar CFO Rebecca Clary holds 109,459 shares of Voting Common Stock. This remaining position shows the 351-share sale was a small, tax-driven adjustment rather than a large change in her overall equity stake.

Was the Globalstar (GSAT) CFO’s Form 4 sale a discretionary open-market trade?

The sale was not a discretionary trade; it was part of a mandatory sell-to-cover program. These programs automatically sell a portion of vested shares to cover tax obligations, making them routine compensation-related events rather than timing-driven investment decisions.

What price was received for the Globalstar (GSAT) shares sold by the CFO?

The 351 shares of Globalstar Voting Common Stock were sold at an average price of $55.3812 per share. This price reflects the execution level for the mandatory tax-related sale tied to the vesting of a restricted stock award granted on March 7, 2025.

What triggered the mandatory sell-to-cover transaction for Globalstar (GSAT)?

The transaction was triggered by the partial vesting of a restricted stock award granted on March 7, 2025. A mandatory sell-to-cover program sold 351 shares to pay the related tax obligations, a common mechanism in equity-based executive compensation plans.